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Week 4 : Tax Consequences of Property Disposal - Midterm ------------------------------------------------- Top of Form Time Remaining: | | Page 1 Question 1. 1. (TCO A) The investment decision process ______________________________ . (Points : 5) | is fundamentally the same for real estate investment analysis as for other investment areas requires the investor to adjust expected cash flows for timing differences and risk recognizes that investment assets are desired only for the benefits of ownership they bestow all of the above are true | Question 2. 2. (TCO A) Which of the following is a contributing factor to the inefficiency of real estate markets? (Points : 5) |…show more content…
6. (TCO A,B,C) A shopping center's trade area is ________________________ . (Points : 5) | the area in which travel time to the center does not exceed approximately 15 minutes determined by physical barriers to the flow of customer traffic the approximate geographical area from within which tenants will be drawn the geographic area from within which the major portion of patronage is drawn | Question 7. 7. (TCO A,B,C) A property's desirability, relative to competing properties, is influenced by all of the following except ______________ . (Points : 5) | neighborhood economic and social conditions relative physical durability relative functional efficiency the owner's income tax bracket | Question 8. 8. (TCO A,B,C) All of the following are locational characteristics, except _________________ . (Points : 5) | neighborhood influences functional obsolescence externalities subdivision controls | Question 9. 9. (TCO A,B,C) When the rate of return on assets exceeds the cost of borrowing, it represents ________________ . (Points : 5) | negative spread positive spread favorable spread unfavorable spread | Question 10. 10. (TCO A,B,C) Which one of the following institution lenders accounts for the greatest volume of real estate loans? (Points : 5) | Commercial banks Life

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